Now 16 years have passed. Who is MOI Global? Question: How do you control your investments in a world where reasonable companies with a good image like General Electric sink rapidly into the bottomland of the stock market. So far the evidence would be that maybe the monetary modern monetary theory is right. And that isnt necessarily right for its customers. I think the world is gonna be quite different. I dont think its like the newspaper business. I dont think Ive got any great insight about hydrogen. And they dont just keep everlastingly at it the way he did. That thing circulates. Im not saying I wanted to live in China. But I do think having a whole system to sell hydrogen is difficult. What happened is that BYD is very well positioned for the transfer of Chinese automobile production from gasoline-driven cars to electricity-driven cars.
DAILY JOURNAL CORP Top 13F Holdings - WhaleWisdom.com So it gets very dangerous. Voir plus Voir moins Financial Analyst PaineWebber, Inc - UBS fvr. And I dont think that we or the Daily Journal is getting ahead because weve got some wonderful macroeconomic insight. They had to because the traditional business newspaper business is shrinking. In other words, to some extent, its a self-correcting system.
Kimberly Stewart - Head of Investor Relations - LinkedIn Bill Gates has written a book on this subject recently in which he concludes that it would be expensive but it could be handled. He gasped and said, but hes never had anything to do with newspapers or anything else. Thought Leader Series. With no analysts or investor relations department, few understand the transformation that has occurred. Charlie Munger: I think I had the right temperament. But the accountants are duly elected. Type a symbol or company name. He absolutely took over a malarial swamp and turned it into modern Singaporein his own lifetime. February 26, 2021 / Richard Lewis / 6 Comments. However, could you be more specific? The most important decision in life to benefit those who are single, perhaps including some of your grandchildren and great-grandchildren. If you try and reduce the poverty too much, its counterproductive. And that is why Costco presents some danger to Amazon. With no analysts or investor relations department, few understand the transformation that has occurred. Charlie Munger: I dont think I have a lot of wonderful advice about starting a business but what youve learned in the pandemic is that we can do with a lot less travel and a lot more Zooming. Charlie Munger: Its quite importantpart of the success of a company like Costco. I dont think we have made a lot of horrible mistakes. All rights reserved. The Frankfurt Conversation, I got more out of Ideaweek than any investing-related event Ive been to since 1986. Peter Leacock, Senior Portfolio Manager, CIBC Wood Gundy. Ideaweek Podcast And, pretty soon, he turned that into this gloriously prosperous place. But, a very wise man said on an earlier occasion: The trouble with banking is that we have more banks than we have bankers. The jurisdiction for this foreign stock company is SOUTH CaliforniaROLINA. I think its much easier to find five than it is to find a hundred. Type a symbol or company name. And, we hope to do well in it. Charlie Munger: I dont think you can make that a moral responsibility. She created a business with like 500 depression dollars that became a huge business. But we cant. Question: Charlie, you have been a long-time admirer of Singapore and Lee Kuan Yew. What I see in China now just staggers me. I think the result would have been worse if either party had been in control all by itself for the whole period. Question: Do you believe global warming is an existential threat to humankind? He was that smart. I predict that if they do that, a lot of people will leave Washington. Question: In recent years, Berkshire Hathaway has provided much greater insight into the companys succession thoughts and has made available at the annual meeting the companys leading managers that will steer Berkshires future. They lose their money fast enough. Generally speaking, people assume that were a normal software company like Microsoft or something. So, you have to be a little closer to the employees needs, desires, babysitting, and all those activities that were kind of taken for granted in the past. Its just not gonna work. Charlie Munger: Ladies and gentlemen, wherever you are, via Yahoo finances website. Charlie Munger: Well, I dont participate at all. There are these periods in capitalism. Of course, that will still work. Charlie Munger: Well, commission-free trading is a very good candidate for that if you want to emphasize disgusting-wise. We admire the company and like its position. 2023, Nasdaq, Inc. All Rights Reserved. Nobody should believe that Robinhoods trades are free. Thats very, very important. Munger became Chairman (because he was an attorney). Gerald Salzman: Always upbeat, yes. -, Daily Journal Corp : Submission of Matters to a Vote of Security Holders (form 8-K), Charlie Munger downplays risk of Taiwan invasion, says crypto fans are 'idiots', Transcript : Daily Journal Corporation - Shareholder/Analyst Call. Everyone knows this isnt a small cap Berkshire Hathaway. Nothing contained on junto.investments constitute a solicitation, recommendation, endorsement, or offer by Junto or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. Daily Commerce.
Mitch Gellman - Investor Relations & Strategic Adviser - LinkedIn . Corporate Governance. This years annual report suggests that the traditional business has 97 full-time employees. New species are created and old species are dying. The high margin, profitable and rapidly growing digital first financial news and research business will be operated by Dow Jones, a News Corp subsidiary. In Singapore, you get a savings account the day youre born. Knox Lane was founded in 2019. Charlie Munger: I have seen an episode or two of the Queens Gambit. He was just a very old-fashioned sound thinker.
Matthew worked as a member of both the U.S. and U.K. offices, with expertise spanning from risk management to derivative processing. The company's other titles include Daily Commerce, The Daily Recorder and the Inter-City Express . I tell a story on Rick that he took the Navys IQ test and got one of the highest scores ever recorded and left early. What are the main sources of ancillary revenue expected once the products have gone live and how meaningful will the products like eFile-it, ePay-it, cloud hosting services, and others become? A passionate, seasoned, internal Investor Relations strategist, executioner, demand-builder and teammate proactively taking a Company's story to Wall Street -- one ticker at a time | Learn more . The death tax in China is zero. He said, figure out what works and do it. Investors play a major and vital role in the success and growth of a company.
Absolute insanity. Currently, their heaviest sector is Finance making up 81.3% of the total portfolio value. And if youre selling them gambling services where you make profits off of the top, like many of these new brokers who specialize in luring the amateurs in, I think its a dirty way to make money. The stock appreciated probably way more than intrinsic value. Question: Can you share some parting thoughts with the viewers who are watching all around the world? The board includes high-profile names such as Rick Guerin, Peter Kaufman, and Charlie Munger. Gerry, dont you think were doing pretty well? Remember the Dot Com boom when every little building in Silicon Valley ran into a huge price and a few months later about a third of them were vacant. Governance. And that institution has two assets in its endowment account. And by the way, I think its hard to teach. The Corporation will host a fourth quar. One thing I can promise is that I wont contribute much to it because I dont understand it.
DJCO | Daily Journal Corp. Company Profile & Executives - WSJ Daily Journal: Transformation Yet to Be Fully Understood Rick was part of the group which consisted of Warren Buffett, Rick Guerin, and Charlie Munger that bought control of Blue Chip Stamps when it was widely distributed in an anti-trust settlement. Previously, Buntain worked at The Carlyle Group, where he . Theres a lot of temptation to do dumb things which will make the earnings next quarter go up but are bad for the long term. I said to Rick, were going to make Gerry the head of the Daily Journal. Charlie Munger: Well, you know, I had a failed marriage, so I dont think Im in the perfect position to advise the young about marriage. Question: Has your opinion on cryptocurrencies remained the same? Our 2023 Annual Meeting of Shareholders will be held on Thursday, May 4, 2023 at 8:30 a.m. Would you mind elaborating on how a professor or individual should go about building a curriculum around this approach? So, its a serious problem. Ellen Ireland will be inspector of elections. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. So we have one basic system configured in a number of different ways, including workers comp for a large state in the United States. However, is there a price too high that the companys future profits simply cannot justify? containing a link to download the .zip file of the CSV file(s) you requested. Corporate Governance Daily Journal Corporation's ISS Governance QualityScore as of February. Question: Why is Berkshire Hathaway selling shares of Wells Fargo as quickly as one can and the Daily Journal has sold one share? A lot of people assume that since England led the Industrial Revolution and had free speech early that free speech is required to have a booming economy as prescribed by Adam Smith. Youre better off concentrating your decision power on one person the way the Li Lu partnership does and then choose the right person. I have a bust of Lee Kuan Yew in my house. If we could make the world richer by just raising the minimum wage to $100,000 a second or something, of course we would do it but. Daily Journal Corporation : Announces Financial Results for the Three Months ended Decembe.. Daily Journal Corporation Announces Financial Results for the Three Months ended Decemb.. Daily Journal : Management's Discussion and Analysis of Financial Condition and Results of.. Daily Journal Corporation Announces Financial Resultsfor Fiscal Year ended September 3.. Daily Journal Corp : Changes in Registrant's Certifying Accountant, Financial Statements a.. Daily Journal : Fiscal 3Q Earnings Snapshot, Daily Journal : Fiscal 2Q Earnings Snapshot. I know Berkshire is a long-term owner and rarely sells securities of high-quality companies it owns in its portfolio simply because its overvalued. What could investors do to cope better with periodical frenzy? Have you met Lee Kuan Yew in person? Gerry, can you ever remember Rick down? Everybody has shortcuts to screen out certain hazards. You have to be concerned about employees lives.
First Merchants Corporation (FRME) Stock Price, Quote & News - Stock Knowledge and know-how can act as an almost indestructible moat for a companys competitive position and growth prospects. I do think that Im way less afraid of inequality than most people who are bleeding about it. The decision was. And weve had marvelous people here to help us do it through very difficult times and one of them is Gerry Salzman. Of course, its hard to negotiate in such a field. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. What can we do to increase knowledge, understanding, and appreciation of the Chinese civilization? Astronics Corporation Announces Preliminary Sales for Fourth Quarter 2022 of $155 Million to $160 Million; Completes $205 Million Debt Refinancing Nov 15, 2022 4:05 pm EST Astronics Corporation Reports Third Quarter 2022 Financial Results Latest Presentation December 6, 2022 Truist Securities Industrials & Services Summit 2022 According to the last 13-F report filed with the SEC, Tu To serves as the Chief Financial Officer at Daily Journal Corp. The total portfolio value may be much higher due to cash He was very amiable the way he talked about it. First Merchants Corporation to Report Fourth Quarter 2022 Financial Results, Host Conference Call and Webcast. Thats the nature of capitalism. I own some apartment houses, so I like that investment, provided youve got a perfect management which is hard to get. At this rate, hell likely (hopefully) reach the longevity of Irving Kahn. If I had stayed in Omaha, where I was raised, and gotten into the banking business, I would have been a hell of a good banker. This page shows a list of all the recent 13F filings made by Daily Journal Corp. Form 13F is required to be filed within 45 days of the end of a calendar quarter. We have offices in all the major cities in California and also in Logan, Utah.
Daily Journal Corporation (DJCO) company profile & facts - Yahoo! Daily Journal Corp is based out of Los Angeles. Has there been anything that has surprised you, and what would be your best advice to someone starting a business now? Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Have you considered amending this quote or lowering your standards? Daily Journal Corp - Portfolio Holdings, AUM (13F, 13G At KB Home, social responsibility means investing in the relationships we have with our employees and within our communities. Copyright by BeyondProxy. He was always upbeat. It also serves as a newspaper representative specializing in public notice advertising. You fix what you can fit, and what you cant fix, you endure. So, you can understand why Warren got disenchanted with Wells Fargo. Question: Do you believe the market is going through a long-term value slump similar to 1999, or do you believe technology has caused a permanent change in how companies should be valued? Everybody is. And I think thats what shareholders do.
Charlie Munger: 2022 Daily Journal Annual Meeting Transcript - Junto Best Ideas Omaha Currently, Daily Journal Corp's portfolio is worth at least $174 million. I dont think that hydrocarbons are going. Podcasts enable members to enjoy content in a convenient format. But, of course, you should start out by studying the history of capitalism, how it worked, and why before you start studying business. Daily Journal Corp closed its position in Posco Adr on 5th January 2023. Were not enlarging it. And, I was always aware of that and so Ive accepted these damned annual meetings. Its been amazing that one little company starting up not that many decades ago could become as big as Costco did as fast as Costco did. He took over a malarial swamp with no army, no nothing. Intelligent Investing in Crisis Mode. Webcast. Give me a new question. What, for example, would you recommend as course materials? As November inches closer, all things in the political world will ultimately begin and end with the midterm elections. Latticework Podcast LEARN MORE. We will now proceed to the question period. It was totally required. Daily Journal Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more. I think that the methods that Ive used including the checklists are the correct methods and Im grateful that I found them as early as I did and that the methods have worked as well as they have. Daily Journal Corp. - AnnualReports.com Most Recent Annual Report MOST RECENT 2019 Form 10K View Form 10K (HTML) Daily Journal Corp. does not currently have any hardcopy reports on AnnualReports.com. It seems to involve a lot of your standard causes of human misjudgment. Code of Business Conduct and Ethics; Whistle Blower Policy; Shareholder Rights Agreement Annual Meeting of Stockholders Date: June 13, 2022 Time: 10:00 a.m. EDT Location: Hilton McLean Tysons Corner So its a very theoretical discussion. All the buses. Since the annual event first launched in 1996 . Everybodys got a different situation. So human greed and the aggression of the brokerage community create these bubbles from time to time. Question: It is estimated that the Gates Foundation has saved well over 100 million lives. Members of MOI Global enjoy complimentary access to a growing array of resources and content related to the art of intelligent investing. We miss Rick terribly. Question: Does management, in your opinion, have a moral responsibility to have their shares trade as close to fair value as possible? Charlie Munger: I dont know how permanent its going to be but it certainly caused a change. Find the latest Daily Journal Corporation (DJCO) stock quote, history, news and other vital information to help you with your stock trading and investing. Charlie Munger: Well, I cant top Lee Kuan Yews example. The Daily Journal Corp office and employees reside in Los Angeles, California. While historically a legal newspaper publishing company, today DJCO operates a SaaS business model providing case management software to courts and government agencies around the U.S. and the world. In other words, I think the system of checks and balances and elections that our founders gave us actually gave us pretty much the right policies during my lifetime.
Home - IR Magazine Awards - US 2023 Charlie Munger: Well, I dont know how well the economys doing to work in the future. Charlie Munger: Well, generally speaking, I dont try and compete with Sequoia. Today, it hovers around 9500. Charlie Munger: Robinhood trades are not free. The MOI Global Editorial Team, led by John Mihaljevic, CFA, includes community builders, event organizers, writers, editors, research associates, security analysts, and fanatical member support advocates.
Daily Journal Corp 13F annual report (2023) | wallmine Touch device users, explore by touch or with swipe gestures. And what did the Chinese communists do with respect to death taxes? I just see more and more of the rich people leaving. and a top 10 holdings concentration of 100.0%. Culture is very important. Sign-up But, I find that the old ways of doing things still work. The kind of executives who have a Buffett-like mindset and never get in trouble are a minority group, not a majority group. This information can be used by investors to verify and understand the financial position of the company. Has the quality of the publication suffered as the employment levels have decreased? I do think that we dont know what these artificially low interest rates are going to do or how the economy is going to work in the future as governments print all this extra money. Charlie Munger: I think Ill skip that one. 1996 - janv . Its a funny way to make money. But theres also a large risk of losing it coming from within an organization. Description Daily Journal Corp. Daily Journal Corp. engages in the publication of newspapers and websites covering California and Arizona. Can you provide similar insight regarding the future at the Daily Journal and would you consider implementing policies like those at Berkshire so shareholders can get to know the up-and-coming leaders in the organization? But I dont think everybody can be a great investor or a great chess player. And, I think Jack Ma was very arrogant to be telling the Chinese government how dumb they were, how stupid their policies were, and so forth. 2021 Quotemedia. If you continue to use this site we will assume that you are happy with it.
The Superinvestors of Daily Journal Corporation - Forbes Imagine a bunch of Chinese communists turning a whole lot of Chinese and the billionaires in a big hurry. Question: With all the work from home with Zoom and other technology, what do you think the future of commercial real estate looks like? Daily Journal Corp publishes newspapers and web sites covering California and Arizona and produces several specialized information services. That was not a startup, but it was so small and thinly traded that we were buying into a venture capital type investment but in the public market. Question: If you had a chance to make an addition or revision to Poor Charlies Almanac, what would that be? At the age of 97, Charlie Munger wasnot surprisinglysharp as a tack.
Daily Journal Corporation Announces Financial Results for Fiscal Year ended September .. Daily Journal : Fiscal Q3 Earnings Snapshot. I think theyd run rings around me. And thats very interesting. If youre willing to count small nations in the group, he had probably the best record that ever existed in the history of the world. Latticework New York I think civilization would do better without it. What else can you do? Questions: Many observers see market behavior that reminds them of the Dot Com bubble: wild speculation, endless SPACs, and IPOs soaring on their first day of trading. LOS ANGELES, CA We were trying to save the whole economy under terrible conditions. This is cheap compared to Tesla currently valued at over 1100 times P/E and 24 times sales. MOI Global en Espaol. All rights reserved. The Hamilton Live 600 14th Street NW Youll remember that when the first big bubble came, which was the South Sea bubble in England back in the 1700s, it created such havoc eventually when it blew up that England didnt allow hardly any public trading and securities of any companies for decades thereafter. They wouldnt be a lot happier if they were richer or a lot less happy if theyd been poor. The daily journal stock sells way above the price I would pay if I was buying new stock. Charlie Munger: Its partly culture but a lot of it is just born in and its a quirk. Its one of the most ignorant professions in the world. Question: [The questioner] quotes a commencement address you gave in 2007 at USC Law School. This is a highly desirable thing. He was a one party system but he could always be removed by the electorate. I wouldnt change my life all that well. Membership Tour And what are the implications, since Treasury assets underpin the value of every other asset? This information can be used by investors to verify and understand the financial position of the company.
Charlie Munger: Full Transcript of the 2021 Daily Journal Meeting - Junto Many, but not all SEC filings are available in the SECs EDGAR database. These actions have given some shareholders more visibility and comfort on their investment. Currently, their heaviest sector is Finance making up 81.3% of So, the shareholders have been lucky to have somebody like Gerry here who could learn what he didnt know and fix it. If so, how do you think society should address it, especially because poor countries require much more cheap energy to reduce poverty? 915 East First Street. You know what her mottoes were? Do you agree that there is a close parallel to the late 90s and that this, therefore, must end badly?. Daily Journal Corporation has 1 stars. of stocks: 4 Portfolio value: $174,434,000 Holdings Activity Buys Sells History * Reported Price is the price of the security as of the portfolio date. When completed, an email will be sent to the email address you specify You are on record as a zealous fan of the Chinese work ethic and Confucian value system. Investor's Business Daily (IBD), which . If anybody can fix it, he can. And if there is one thing the world could learn from Singapore, what would that be? Youve reached the limit of my circle of competence. The number of people who ever got a chance to do it again is zero. One of my smartest friends in venture capital is constantly getting huge clumps of stocks at nosebleed prices.